1819 Madrid St · San Antonio, TX 78237

$144,900

2 bd · 1.0 ba · 704 sqft · SingleFamily public records · 31 Days on market

Built 1958 7,840 sqft lot ↓ 7% since listing

---

Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Appreciation +10.0/10.0
• Cash flow +9.0/30.0
• ARV discount +7.5/15.0
• Rent growth +4.0/5.0
• Livability +4.0/5.0
• 1% rule +3.0/10.0
• DSCR +2.5/10.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0

Listing remarks

Easy access to Hwy 90 & Gen. McMullen; Hwy 151 & IH-35/IH-10; Central HVAC; This home sits on 3 lots with car port for 2 cars; Insulation to all exterior walls was added; Bathroom was completely remodeled! This huge yard has a beautiful front privacy fence which is secured with rod iron posts. Work shed included; Recent rehab of foundation; (Pier & Beam); Roof inspected and repaired; New Carpet and wood laminate throughout home. Street is paved with curbs and sidewalk; Drive way is layered with asphalt. N

Key facts

• Car port for 2 cars
• Work shed included
• 7,840 sq ft lot

Tags

• EASY ACCESS TO HWY 90
• CAR PORT FOR 2 CARS
• BEAUTIFUL FRONT PRIVACY FENCE
• WORK SHED INCLUDED
• RECENT REHAB OF FOUNDATION
• ROOF INSPECTED AND REPAIRED

Property features AI

Finance

• Other: Possession at closing/funding; For sale (not a short sale)
• HOA & community: Subdivision: GARDENDALE (Gardendale Area 8 ED)

Exterior

• Utilities: Water: SAWS (city); Sewer: SAWS; Electric and gas: CPS Energy; Garbage: City of San Antonio
• Home design: Pre-owned siding exterior; Composition roof; Front of home faces east; Recent rehab
• Construction: Approximately 68 years old
• Exterior features: Privacy fence; Chain link fence; Storage building / shed; Level lot; Street paved with curbs and sidewalks; Asphalt city street

Interior

• Kitchen: Stove/Range; Microwave; Refrigerator; Walk-in pantry; Kitchen laundry area
• Bedrooms: Master bedroom with sitting room, ceiling fan and full bath; Second bedroom
• Flooring: Carpeting; Laminate flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Living/dining room combination; Walk-in pantry; Attic access (access only); All window coverings remain; Smoke alarm; City garbage service
• Laundry & utility: Washer connection; Dryer connection; Utility room inside; Utility room (4 x 10)

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $145k.

Deal economics

• At list price, monthly cash flow is $-113 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $125k (13.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $117k (19.5% below list).
• Recommended offer: $117k (19.5% below list) — sets the bar for 1% rule.
• Cap rate 5.4% vs local median 3.8% in San Antonio — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 80/100 on livability (#31 in TX, #1,616 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: crime F.
• Edgewood ISD (urban): math 12% / reading 21% proficiency, ranked #812 of 826 in TX (top 98%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Alonso S Perales El (math 22% / reading 27%, grade F, #3,052 of 4,322 statewide, top 74%, 353 students, 93% FRL); Brentwood Middle (math 12% / reading 21%, grade F, #1,536 of 1,662 statewide, top 93%, 600 students, 95% FRL, charter); John F Kennedy H S (math 17% / reading 18%, grade F, #1,451 of 1,632 statewide, top 89%, 1,042 students, 92% FRL) — zoned schools average 93% FRL vs 24% district-wide (69 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+6.1%/yr); 138 active listings in the ZIP; lower-income renter base — watch delinquency; 8,308 units permitted in Bexar County in 2024 (2,506 in 5+ unit buildings).
• This rent runs 33% of the median local income ($43k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $15k of equity ($1k loan paydown + $14k appreciation (10.0% local appreciation)).
• Bexar County population projected at +50% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 3, paydown + projected appreciation supports a ~$39k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 31 days — a 3% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 4y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1958 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 78% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $116,593 (19.5% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 31 days. Have you received any prior offers? Is the seller open to a 20% concession, seller financing, or rate buy-down credit?
3. Built in 1958 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.80% ✗
• Cap rate: 5.35%
• Cash-on-cash: -3.35%
• DSCR: 0.85
• GRM: 10.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 6.13% rent growth · sell at horizon

5-year hold

• IRR: 22.9%
• Equity multiple: 2.86×
• Total profit: $75,521
• Equity at exit: $130,537

10-year hold

• IRR: 21.2%
• Equity multiple: 6.84×
• Total profit: $236,869
• Equity at exit: $281,509

Cash invested: $40,572 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Texas: 87 Strongly Landlord-Friendly · R+5
• County: — inherits STATE
• City: — inherits STATE

3-day notice; statewide preemption; one of the fastest eviction climates; Travis County (Austin) slightly slower.

Methodology + full state rankings →

ZIP-level market 78237

• Home prices YoY: 14.1%
• Rents YoY: 6.1%
• Active inventory: 138
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $1,166 medium
• Mortgage (P&I): −$760
• Tax from tax record: −$214 /mo · $2,570/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$245
• Net cashflow: $-113

Break-even live

Break-even rent $1,309

Max offer price $124,875

Occupancy floor —

Sensitivity live

Price	-10% $-31	-5% $-72	+0% $-113	+5% $-154	+10% $-195
Rent	-10% $-205	-5% $-159	+0% $-113	+5% $-67	+10% $-21
Rate	-1.0pp $-40	-0.5pp $-77	base $-113	+0.5pp $-151	+1.0pp $-189

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $36,225
• Closing costs: $4,347
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-22
   days on market $144,900 Active 31 DOM
2. 2026-06-21
   days on market $144,900 Active 30 DOM
3. 2026-06-21
   days on market $144,900 Active 29 DOM
4. 2026-06-18
   days on market $144,900 Active 27 DOM
5. 2026-06-17
   days on market $144,900 Active 26 DOM
6. 2026-06-16
   days on market $144,900 Active 25 DOM
7. 2026-06-15
   days on market $144,900 Active 24 DOM
8. 2026-06-13
   days on market $144,900 Active 22 DOM
9. 2026-06-12
   days on market $144,900 Active 21 DOM
10. 2026-06-09
    days on market $144,900 Active 18 DOM
11. 2026-06-08
    days on market $144,900 Active 17 DOM
12. 2026-06-08
    days on market $144,900 Active 16 DOM
13. 2026-06-07
    days on market $144,900 Active 15 DOM
14. 2026-06-03
    days on market $144,900 Active 12 DOM
15. 2026-06-02
    statusdays on market $144,900 Active 11 DOM
16. 2026-06-01
    days on market $144,900 New 10 DOM
17. 2026-05-31
    remarks 517-char remark
18. 2026-05-31
    listed $144,900 New 9 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast TX · Resets to sale price

• Current annual tax: $2,570 · $214/mo
• Projected year-2 tax: $2,652 · $221/mo
• Expected delta: +$81/yr (+$7/mo · 3.2%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 20 d/yr by 30 yrs out
• 💨 Wind 7/10 Severe 78% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,991
• − Mortgage interest: −$8,117
• − Property taxes: −$2,570
• − Insurance: −$724
• − Repairs & maintenance: −$1,119
• − Management: −$1,119
• − Depreciation: −$4,215
• Taxable loss: −$3,874
• Est. tax savings @ 24.0%: +$930
• After-tax cash flow: $-430/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Edgewood ISD
• NCES district ID: 4818150
• Math proficiency: 12% ▼ -18.00%
• Reading proficiency: 21% ▼ -5.00%
• Median HH income: $27,419
• Composite: 12.82/100
• National rank: #9597
• State rank: #812 of 826 in TX

Livability — San Antonio

• Score: 80/100
• State rank: #31
• US rank: #1616

Category grades

Amenities A+ Commute A+ Cost of living A+ Crime F Employment C Housing A+ Health & safety A+ User ratings D

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: San Antonio, TX
• County: Bexar County · 1,990,555 people
• City population: 1,806,925
• Metro: San Antonio-New Braunfels, TX
• Population (ZIP): 37,379
• Household income: $42,772
• Rent vs Own: 38.7% rent · 61.3% own
• Severe rent burden: 1185.0

Population outlook (Bexar County) Hauer SSP2

• Today (2025): 2,336,851 people
• By 2030: 2,560,728 · +9.6%
• By 2040: 3,020,569 · +29.3%
• By 2050: 3,493,522 · +49.5%
• By 2075: 4,668,459 · +99.8%
• By 2100: 5,533,242 · +136.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (95%)
• Race & ethnicity: Hispanic / Latino 95% Two or more races 50% White 3% Native American 2% Black 2%
• Hispanic origin (detail): Mexican 84%
• Foreign-born: 18% · Canada
• Languages at home: 34% English-only · Spanish 66%

Political lean MEDSL · Bexar

• 2024 margin: Lean D (+9.8) · D 54.3% · R 44.6% · Other 1.1%
• 2008→2024 swing: +4.2pp toward D · 2008: 5.6pp · 2024: 9.8pp
• All cycles: 2024: D+9.8 2020: D+18.2 2016: D+13.5 2012: D+4.6 2008: D+5.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 30.52%
• Current HPI: 247.7257
• Rent YoY: ▲ 6.13%
• Metro: San Antonio-New Braunfels, TX
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

Industry mix (Fortune 500 HQ in TX)

Industry	F500 HQs	Revenue
▸Energy	16	$1,198B
▸Technology	5	$198B
▸Engineering / Construction	4	$72B
▸Energy Services	3	$60B
▸Utilities	3	$41B
▸Healthcare	2	$330B

Price history

-6.5% since first listed

22 events — show timeline

• 2026-05-22 Listing Removed — LERA
• 2026-05-21 Listed $144,900 LERA
• 2026-05-21 Price Changed $144,900 LERA
• 2026-05-21 Relisted — LERA
• 2025-12-15 Listing Removed — LERA
• 2025-10-02 Relisted — LERA
• 2025-09-30 Listing Removed — LERA
• 2025-09-01 Price Changed $154,900 LERA
• 2025-05-15 Price Changed $159,900 LERA
• 2025-03-23 Listed $165,000 LERA
• 2023-02-03 Listing Removed — LERA
• 2022-12-14 Price Changed $172,000 LERA
• 2022-12-08 Listed $175,000 LERA
• 2022-10-12 Sold (Public Records) — Public Records
• 2022-10-07 Sold (MLS) — LERA
• 2022-09-16 Contingent — LERA
• 2022-08-10 Price Changed $150,000 LERA
• 2022-07-22 Listed $155,000 LERA
• 2022-06-21 Sold (Public Records) — Public Records
• 2010-05-03 Sold (Public Records) — Public Records
• 2005-04-25 Sold (Public Records) — Public Records
• 2001-05-14 Sold (Public Records) — Public Records

Property tax history

+9.2%/yr

Latest (2025): $2,570 · -6.7% YoY. Source: county tax records.